Washington’s latest tax assault on private equity and venture capital industries

Stephen Moore, Washington Times

Private equity and venture capital track records in picking future gazelles and helping them

sprint faster are almost a uniquely American success story. Now, thanks to the industry’s winning track record in saving companies and jobs, Washington thinks they are doing too well and wants to raise the tax rate on the industry by nearly 50%. They want to slay the goose that has been laying golden eggs for decades. Some Democrats want to charge the investors personal income tax rates of up to 39.6% instead of the 24% capital gains tax.